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Bboxx has concluded its acquisition of PEG Africa, giving the ­London-based firm access to four more African markets – Senegal, Côte d’Ivoire, Ghana and Mali – while it is also tying up with more major corporates, creating ventures with Orange in Democratic Republic of Congo and Unilever in Kenya.

A hike in tariffs from 1 September is meant to put utility services on a more sustainable footing, but the below-inflation rise will not solve the power sector’s many problems. Questions continue to be asked about the fate of funds raised in 2020 to refinance money owned to independent power producers (IPPs) and, with capital markets closed, Ghana’s government is now talking to the International Monetary Fund about yet another support programme, writes Jon Marks with Adaora Elemide and Marc Howard.

A $3bn Eurobond, raised in early 2020, was meant to be used to tackle Ghana’s large public sector debts, with up to $1bn intended by finance minister Ken Ofori-Atta to renegotiate supply deals with independent power producers (IPPs), replacing take-or-pay agreements that had left the state paying for unused electricity.

 The Public Utility Regulatory Commission (Purc) has set the following electricity prices per kWh for consumers as of 1 September.

Norway’s Aker Energy has been granted more time to submit a development plan for its Pecan oil field in the Deepwater Tano Cape Three Points (DWT/CTP) concession. A company statement said the delay was due to uncertainties about supplier commitments, triggered by the war in Ukraine.

The Russian invasion of Ukraine has overturned global calculations about natural gas supply, especially in Europe, meaning projects previously thought unfeasible are now making progress. One possible beneficiary is the Nigeria-Morocco Gas Pipeline, strongly pushed by King Mohammed VI and supported by his friend President Muhammadu Buhari, which could now undergo a radical change to supply the European network.

Members of the Parliament of Ghana have opposed a plan by deputy energy minister William Aidoo to move the 250MW Ameri gas-to-power (GTP) power plant to Kumasi, capital of the Ashanti region.

London (LSE)-, Irish- and Ghana Stock Exchange-listed Tullow Oil’s merger with Capricorn Energy (ex-Cairn Energy) brings together two FTSE250 independent exploration and production companies to create an Africa-focused entity with a bigger portfolio and longer pockets. Capricorn’s balance sheet complements Tullow’s regional depth, but questions remain over who gains most from the merger and the deals promised to follow.

Ghana's Bui Power Authority (BPA) is due to bring 154MW of solar generating capacity online in late-2022 or early-2023, as part of ambitions to expand its renewable energy generating capacity.

Sub-Saharan African countries flared 12.15bcm of natural gas in 2021, according to newly-released data from the World Bank Group’s Global Gas Flaring Reduction Partnership (GGFR), the equivalent of 32.4m tonnes of CO2 and $1.4bn worth of gas sales.

Ghana is preparing to offer new oil and gas exploration blocks in its eastern and western offshore basins, according to deputy energy minister Mohammed Amin Adam. The details of the blocks have not been revealed, but they will be awarded to operators through direct negotiations, rather than offered in an open bid round.

The Kumasi waste-to-power plant will pioneer changes in off-grid energy development and waste management in Ghana. Installed with pyrolysis technology, the hybrid plant is supported by the German government.

Lagos-based renewables developer Daystar Power has installed a 1.6MW rooftop solar plant for Ghandour Cosmetics in Ghana.

The European Union-funded Electrification Finance Initiative (EDFI ElectriFI) has extended a $3.1m loan to German C&I solar power provider Redavia to enable it to expand its business in Ghana and Kenya.

Energy minister Matthew Opoku Prempeh is resisting calls for electricity tariffs to rise, despite Electricity Company of Ghana (ECG) recording an annual loss of at least $400m.